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Free economic zone

File:Geographic locations of the Free Economic Zones.png
Geographic locations of the Free Economic Zones

Free economic zones (FEZ) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all in order to encourage economic activity. The taxation rules are determined by each country. The World Trade Organization (WTO) Agreement on Subsidies and Countervailing Measures (SCM) has content on the conditions and benefits of free zones.

Sometimes they are called free ports, which have historically been endowed with favorable customs regulations, e.g., the free port of Trieste. Very often free ports constitute a part of free economic zones.

Free economic zones by country

Argentina

Armenia

Bangladesh

Bangladesh Export Processing Zone Authority

Belarus

Brazil

Bulgaria

Chile

China

Egypt

  • Port Said Public Free Zone
  • Alexandria Public Free Zone
  • Nasr City Public Free Zone
  • Suez Public Free Zone
  • Ismailia Public Free Zone
  • Damietta Public Free Zone
  • Media Public Free Zone
  • Shebin El- Kom Public Free Zone
  • Qeft Public Free Zone
  • Port Said East Port Public Free Zone

Georgia

Ghana

  • Tema, Free Zone Enclave

India

Iran

Iraq

Italy

Republic of Ireland

South Korea

Latvia

Lithuania

Macedonia

Malaysia

Moldova

Mongolia

Mongolian Free Economic Zone [26]

Norway

Oman

Peru

  • Tacna Free Economic Zone (Zona Franca de Tacna, in Spanish) [27]

Russia

In Russia there are only Special Economic Zones

Technical/Innovational Zones

Industrial/developmental Zones

  • “Alabuga” (special economic zone)
  • Lipetsk

Tourist Zones

Serbia

Spain

Tajikistan

Turkey

Turkmenistan

Ukraine

  • Quarantine Pier of Odessa trade sea port, January 1, 2000, for 25 years

United Arab Emirates

United Kingdom

Yemen

See also

References

External links